👉 AMC biz: High operating leverage
👉 Fixed costs are relatively low in this biz
👉 MF Biz is fundamentally strong due to its high ROE, ROCE & FCF genearation
👉 High Dividend payout due to high FCF
👉 Both HDFC AMC & Nippon Life AMC generated massive >150% returns in past 1 yr
👉 Fixed costs are relatively low in this biz
👉 MF Biz is fundamentally strong due to its high ROE, ROCE & FCF genearation
👉 High Dividend payout due to high FCF
👉 Both HDFC AMC & Nippon Life AMC generated massive >150% returns in past 1 yr
👉 India's MF Industry's consistent growth @21% CAGR (From 12.75 Lakh Crs to 27.26 lakh Crs in 2019)
👉 Equity MF and Debt MF grew at 4 year CAGR of 18% and 14% respectively
👉 Clear jump in equity funds and Hybrid funds of 62% to 152% in 2017
#hdfcamc
#Nipponamc
#mutualfunds
👉 Equity MF and Debt MF grew at 4 year CAGR of 18% and 14% respectively
👉 Clear jump in equity funds and Hybrid funds of 62% to 152% in 2017
#hdfcamc
#Nipponamc
#mutualfunds
👉 MF AUM continues to rise
👉 Total AUM as % of GDP is still very low at about 11% vs world average of about 62%
Factors driving growth
👉 Growing middle class with rising disposable income
👉 Large working age population with better job opportunities
👉 Low FD Interest rates
👉 Total AUM as % of GDP is still very low at about 11% vs world average of about 62%
Factors driving growth
👉 Growing middle class with rising disposable income
👉 Large working age population with better job opportunities
👉 Low FD Interest rates
👉 Increasing popularity of SIPs as a mode of investing savings
👉 Digital platforms, Low penetration
AMCs in world developed markets trade anywhere between 1%-5% of their AUM
@AnyBodyCanFly
Source: PL Report
👉 Digital platforms, Low penetration
AMCs in world developed markets trade anywhere between 1%-5% of their AUM
@AnyBodyCanFly
Source: PL Report
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